SEGRO’s (SGRO) “Buy” Rating Reaffirmed at Shore Capital

Shore Capital restated their buy rating on shares of SEGRO (LON:SGRO) in a report released on Thursday morning, MarketBeat.com reports.

Several other analysts also recently issued reports on the company. Barclays reiterated an overweight rating and issued a GBX 1,050 ($14.06) price target on shares of SEGRO in a report on Monday, September 9th. JPMorgan Chase & Co. reiterated an overweight rating and issued a GBX 1,050 ($14.06) price target on shares of SEGRO in a report on Tuesday, September 24th. UBS Group downgraded SEGRO to a neutral rating and lowered their price target for the company from GBX 1,045 ($13.99) to GBX 985 ($13.19) in a report on Tuesday, August 20th. Finally, Jefferies Financial Group decreased their price objective on shares of SEGRO from GBX 950 ($12.72) to GBX 930 ($12.45) and set a hold rating for the company in a research report on Monday, July 29th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, SEGRO presently has an average rating of Moderate Buy and a consensus target price of GBX 986.50 ($13.21).

SEGRO Stock Up 0.6 %

Shares of LON SGRO opened at GBX 880.40 ($11.79) on Thursday. SEGRO has a 12-month low of GBX 675 ($9.04) and a 12-month high of GBX 949 ($12.71). The company has a market cap of £11.89 billion, a P/E ratio of -4,192.38, a P/E/G ratio of 2.12 and a beta of 0.79. The company has a current ratio of 1.30, a quick ratio of 0.62 and a debt-to-equity ratio of 42.10. The stock has a fifty day moving average price of GBX 891.12 and a 200 day moving average price of GBX 891.19.

SEGRO Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, September 20th. Shareholders of record on Thursday, August 8th were given a GBX 9.10 ($0.12) dividend. The ex-dividend date of this dividend was Thursday, August 8th. This represents a yield of 1%. SEGRO’s payout ratio is currently -13,333.33%.

SEGRO Company Profile

SEGRO is a UK Real Estate Investment Trust (REIT), listed on the London Stock Exchange and Euronext Paris, and is a leading owner, manager and developer of modern warehouses and industrial property. It owns or manages 10.4 million square metres of space (112 million square feet) valued at £20.7 billion serving customers from a wide range of industry sectors.